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1627 W LAFAYETTE BLVD $5,500,000

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    1627 W LAFAYETTE BLVD Detroit, MI 48216

    • Commercial
    MLS# RC218117690 | Active

    $5,500,000

    Market Estimate
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    Days On Market: 34 6 Views
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    Property Details

    Prime development project located in Corktown and in the opportunity zone. Existing 12 year tax freeze starting in 2018 with the OPRA tax credit includes the addition of 5 more floors. Approved special use permit allows both residential and commercial use. Three parcels included, 1627 W Lafayette primary building existing 20k sq ft with the approval to go up to 7 stories, 1626 W Fort St. 6,175 parcel for parking & 1551 W Lafayette a 16,552 sq ft parcel with an existing 2k sq ft building for a potential parking structure location. Right down the street from the Assemble a Bedrock development consisting of retail, office and residential space. Blocks away from the West Riverfront development a 22 acre site set to undergo a 200 Million dollar revitalization. Major developments happening in Corktown close by include the new Ford HQ in the Grand Central Station, Elton Park, The Corner. Property sold AS IS BATVAI.

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    Neighborhood

    48216 (Detroit) Demographics

    34Median Age
    2,524Population Density (per sq. mile)
    25%College Educated
    $23,160Estimated Median Income
    784Estimated Total Home Owners
    1,530Estimated Total Renters
    34% / 66%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    5,600Total Population

    Market Last 30 Days

    $406,500 Median Sales Price
    2 Homes Sold
    20 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $5,500,000
        12/12/2018 9:33:00 PM New in Database Source

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        The data relating to real estate on this website comes from REALTORSĀ® who submit listing information to the Internet Date Exchange (IDX) Program of the Eastern Central Area Association of Realtors. All MLS listings are marked with an Eastern Central Area Association of REALTORSĀ® icon. Information being provided on this website is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.